Prince George’s Moves to Pay Hospital Company Debt

UPPER MARLBORO, Md. — The Prince George’s County Council is expected to approve spending millions to cover the debt of hospital operator Dimensions Healthcare Systems as the company seeks to build a $645 million regional hospital.

The county council is scheduled to hold a final vote Oct. 1 on a plan to spend $5 million per year for at least five years. The county would cover interest for Dimensions’ bonds.

The county council signaled unanimous support for the plan in a straw vote Tuesday.

The vote is set to come days before Dimensions must submit an application to the state to build the new hospital. Hospital officials say they are taking steps to show Dimensions is working to show it can cover its $74 million pension liability.

The new hospital would open in 2017.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS DC

D.C. Lottery Live
Follow and Like Us

Listen Live